The Solvent Extractors’ Association of India (SEA), has appealed to the Government, not to extend ban on the export of de-oiled ricebran beyond July, 31.
In his monthly letter to the members of SEA recently, Ajay Jhunjhunwala, President of SEA, said India exports about around five to six lakh tonnes (lt) of de-oiled ricebran to Vietnam, Thailand, and other Asian countries, establishing itself as a reliable supplier in the international market.
He said the Government, prohibited the export of de-oiled ricebran on July 28, 2023, attributing it to high fodder prices with de-oiled ricebran, being a major component. Initially set to last until March 31, 2024, the prohibition was later extended to July 31, 2024.
He said de-oiled ricebran prices are now at a lower level, and are likely to decrease further with increased availability of dried distiller grain solids (DDGS). Considering these facts and the sharp fall in prices, the association has appealed to the Government not to extend the prohibition beyond July 31, 2024, he said.
Weather support
On the monsoon onset, he said the private weather forecaster, Skymet, has announced the timely onset of the monsoon on June, 1 in Kerala. According to the Indian Meteorological Department, the monsoon is likely to cover the entire country by July, 15. “Plentiful rains will support farm output, drive economic growth, and replenish the Government’s depleting foodgrain stocks. Let us keep our fingers crossed, and pray to Lord Indra for well-distributed and bountiful rain across the country,” Jhunjhunwala said.
Source: Business Line
